Jonathan Wong
The Latest
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Tesla Board Warns Musk Could Quit Without Approval of Record $1 Trillion Pay Package
Elon Musk's future at Tesla Inc. may hinge on a record $1 trillion compensation package that the company's board says is critical to retaining his leadership. In a letter to shareholders released ahead of Tesla's annual meeting, Chair Robyn Denholm made clear that the proposed pay plan is "not just another corporate agenda item," but a decisive measure to keep Musk committed to the company for the next decade. 
Elon Musk's future at Tesla Inc. may hinge on a record $1 trillion compensation package that the company's board says is critical to retaining his leadership. In a letter to shareholders released ahead of Tesla's annual meeting, Chair Robyn Denholm made clear that the proposed pay plan is "not just another corporate agenda item," but a decisive measure to keep Musk committed to the company for the next decade. -
Amazon to Slash Up to 30,000 Corporate Jobs as AI and Cost Cuts Reshape Workforce
Amazon is preparing to eliminate as many as 30,000 corporate jobs beginning Tuesday, marking one of its largest workforce reductions since the company cut 27,000 positions in late 2022, according to three people familiar with the matter. 
Amazon is preparing to eliminate as many as 30,000 corporate jobs beginning Tuesday, marking one of its largest workforce reductions since the company cut 27,000 positions in late 2022, according to three people familiar with the matter. -
EU Accuses Meta and TikTok of Breaking Transparency Rules Under Landmark Digital Services Act
The European Commission said Friday that Meta Platforms and TikTok have breached transparency obligations under the European Union's Digital Services Act, accusing both companies of failing to give researchers adequate access to public data and warning that violations could result in fines of up to 6% of their global annual revenue. 
The European Commission said Friday that Meta Platforms and TikTok have breached transparency obligations under the European Union's Digital Services Act, accusing both companies of failing to give researchers adequate access to public data and warning that violations could result in fines of up to 6% of their global annual revenue. -
Intel Shares Soar as Cost Cuts, AI Investments Mark Strongest Earnings Since 2023
Intel Corp. shares surged nearly 9% Friday after the chipmaker posted its strongest earnings since 2023, signaling early success in CEO Lip-Bu Tan's sweeping turnaround plan that combines aggressive cost cuts, strategic investments, and a renewed focus on artificial intelligence. 
Intel Corp. shares surged nearly 9% Friday after the chipmaker posted its strongest earnings since 2023, signaling early success in CEO Lip-Bu Tan's sweeping turnaround plan that combines aggressive cost cuts, strategic investments, and a renewed focus on artificial intelligence. -
Target Cuts 1,800 Corporate Jobs as Sales Slump Deepens Ahead of Holiday Season
Target Corp. is eliminating about 1,800 corporate positions-its largest round of layoffs in a decade-as the retailer battles stagnant sales, shifting consumer habits, and backlash over its retreat from diversity programs. The job cuts, announced Thursday, include roughly 1,000 current layoffs and 800 unfilled positions, amounting to about 8% of Target's global corporate workforce. 
Target Corp. is eliminating about 1,800 corporate positions-its largest round of layoffs in a decade-as the retailer battles stagnant sales, shifting consumer habits, and backlash over its retreat from diversity programs. The job cuts, announced Thursday, include roughly 1,000 current layoffs and 800 unfilled positions, amounting to about 8% of Target's global corporate workforce. -
Beyond Meat Stock Soars 600% in Three Days as Meme Traders Ignite Frenzied Rally
Beyond Meat shares staged an astonishing rebound this week, surging nearly 600% over three trading sessions as retail investors and meme-stock enthusiasts piled into the struggling plant-based meat maker. The rally marks the stock's sharpest ascent since its 2019 debut, when it briefly traded above $230 per share before collapsing into penny-stock territory. 
Beyond Meat shares staged an astonishing rebound this week, surging nearly 600% over three trading sessions as retail investors and meme-stock enthusiasts piled into the struggling plant-based meat maker. The rally marks the stock's sharpest ascent since its 2019 debut, when it briefly traded above $230 per share before collapsing into penny-stock territory. -
Coca-Cola Beats Earnings Forecasts as Zero-Sugar Sales Surge and Boycott Impact Fades
Coca-Cola Co. reported stronger-than-expected third-quarter earnings Tuesday, lifted by resilient global demand for its zero-sugar beverages and Fairlife dairy products, even as its flagship Coke line continued to feel the effects of changing consumer habits and lingering reputational challenges. 
Coca-Cola Co. reported stronger-than-expected third-quarter earnings Tuesday, lifted by resilient global demand for its zero-sugar beverages and Fairlife dairy products, even as its flagship Coke line continued to feel the effects of changing consumer habits and lingering reputational challenges. -
GM Raises Full-Year Profit Guidance, Citing Lower Tariff Exposure and Record Q3 Earnings
General Motors shares surged Tuesday after the automaker raised its full-year profit forecast and reported stronger-than-expected quarterly earnings, aided by lower tariff exposure and robust demand for pickup trucks and SUVs. 
General Motors shares surged Tuesday after the automaker raised its full-year profit forecast and reported stronger-than-expected quarterly earnings, aided by lower tariff exposure and robust demand for pickup trucks and SUVs. -
Apple Nears $4 Trillion Valuation as iPhone 17 Sales Surge 14% in U.S. and China
Apple Inc. shares rallied Monday to a record high as robust demand for the new iPhone 17 series pushed the company within reach of a $4 trillion market valuation, positioning it just behind Nvidia as the world's most valuable publicly traded firm. 
Apple Inc. shares rallied Monday to a record high as robust demand for the new iPhone 17 series pushed the company within reach of a $4 trillion market valuation, positioning it just behind Nvidia as the world's most valuable publicly traded firm. -
Nestlé Stock Soars 8% as New CEO Unveils 16,000 Job Cuts and $3 Billion Efficiency Plan
Nestlé said Thursday it plans to cut 16,000 jobs worldwide as new Chief Executive Philipp Navratil launches a sweeping restructuring effort aimed at restoring growth, rebuilding investor confidence, and streamlining operations at the world's largest food and beverage company. The announcement, coupled with stronger-than-expected quarterly results, sent Nestlé shares up more than 8% in early trading, boosting Europe's food and beverage sector. 
Nestlé said Thursday it plans to cut 16,000 jobs worldwide as new Chief Executive Philipp Navratil launches a sweeping restructuring effort aimed at restoring growth, rebuilding investor confidence, and streamlining operations at the world's largest food and beverage company. The announcement, coupled with stronger-than-expected quarterly results, sent Nestlé shares up more than 8% in early trading, boosting Europe's food and beverage sector.
